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20131202
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English 83
Search Results 0 to 49 of about 83 (some duplicates have been removed)
MSNBC
Dec 9, 2013 6:00am PST
memorial service for nelson mandela in south africa. we are starting with the economy. there have been solid job numbers and major revision for the gd approximate, and a strong end to the week on wall street. it has a bunch of experts predictioning that a steadily improving economy is on the horizon for the coming year. what would that mean politically? health care and obstruction are the clubs are choice for the two parties. they are beating each other up over both issues and both could be problems as well. the economy is the wild card right now. right now things are looking up. on friday we got word that they push the average jobs growth to 189,000 a month. not great, but not horrible. it's an improvement over 2012. unemployment is down to 7% down 18/10 of a point from this time last year and the lowest since november of 2008. we saw a big revision that was up 3.6% in the third quarter. that's a half percentage point better than 2012. there is a caveat. a good portion came from businesses building up inventory. they may end up stocking up so much, they don't need to buy as much. ther
PBS
Dec 4, 2013 6:30pm PST
bach of positive reports on jobs, housing and the upbeat survey on the economy. the take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. all this comes just two days before the release of the monthly jobs report. a key data point for central bank policy makers. it's no wonder stock averages between gains and losses and finally ending mostly in the red for the day. the dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s&p fell two points. the same concerns about the fed's next move sent the yield on the benchmark treasury note above 2.8%, the highest since september. >> how does the federal reserve see the economy right now as it prepares for the next policy meeting next month? steve liesman looks at the beige book survey and what that, along with this friday's november jobs report, could mean for the future of its stimulus program. >> reporter: some strong employment data today raising prospects for better job growth and less stimulus. adp in a much followed monthly report foreca
CSPAN
Dec 5, 2013 7:00am EST
, these trends are bad for our economy. one study finds that growth is more fragile and recession is more frequent in countries with greater inequality. .hat makes sense when families have less to spend, businesses have fewer customers. households rack up greater mortgage and credit card debt. topentrated wealth at the will not result in broadly based consumer spending that drives our economy and with less regulation, it may contribute to risky speculative bubbles. rising inequality and declining mobility are bad for families and social cohesion. not just because we tend to trust our institutions us, but studies show we actually tend to test -- trust each other less. host: that was the president yesterday talking about income inequality. toare turning to all of you get your stories. are you able to move up the economic ladder? we have the lines divided by age. start calling us now. you can put your comments on facebook or tweet us as well. a response from house speaker john boehner's spokesman. they promote government reliance rather than economic mobility. what are your thoughts on this?
CNN
Dec 8, 2013 6:00am PST
scalp. >>> after five years of stops and starts, the u.s. economy may be in a steady recovery. the unemployment rate is the lowest in five years. home sales and price rsz up. stocks are rising. gas prices are falling. not everyone is feeling it though. a new cnn poll shows that a quarter of the public believes things are getting better. nour ten say it's getting worse. joining me now kevin hasset, former economic adviser to m.i.t. romney and annie lowry and mark zandy, chief communist from moodies an lit ikz. thank you all for joining us. so is this real? the worst has happened? and we're on the road to recovery? yes? >> yes. i think that we're clearly in a strong recovery now. if you look at the inflection and data over the last couple months, it's really the best couple of months i've seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 mill dwron above the 16 million which is like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a recovery. >> wow. could someth
FOX Business
Dec 6, 2013 11:00am EST
nightmare of a cruise ship. good morning, everybody. stocks finally good news on the economy means good news for stocks. nicole is on the floor of the new york stock exchange to explain it all. nicole: we are seeing something have not seen in some time, some big gains, green arrows. triple digit gains in the dow jones industrial. we have not had an up day where at the closing bell we had i anp arrow for the dow. since before thanksgiving, since last wednesday. it is welcome especially for the bulls, but for right now it looks like we will be snapping our winning streak we have seen. up 8 of the last straight weeks, but last friday the dow closed 16,086, so some way to go with that. some all-time highs worth noting. you are hot on these names. 1064. back to you. dagen: i'm smiling because two of my favorite people on the planet are here. two of my favorite people. here to talk about this, the newest news on employers. 243,000 jobs in november beat estimate by more than 20,000 people. a five year low of ninth round. labor participation rate, the number of people in the workforce looking for wo
Al Jazeera America
Dec 2, 2013 10:00pm EST
. they were audiologically opposed. they had a closed-off economy, they were politically and militarily opposed. with china, we depend on china. every object we pick up says made in china, and china depends on us. what we have here is a situation in which our economic interests, our political interests in many areas, our interests in solving global problems like climate change and piracy are aligned. what we need to do is create diplomatic channels that find ways to resolve the territorial issues without letting it spin out of control. if you think about world war i, nobody wanted to go to war. but, you know, there was a fascination in serbia, and as it escalated, the sort of logic of alliance meant that they ended up in a conflict. that is what secretary of state john kerry is trying to prevent. >> your foreign policy service, your greatest fame may have come from an article in "the at lantic" calmed "why women still can't have it all." you wrote and i quote: >> what that is to change for that to happen, and how do we go about it? >> thanks for asking. i never expected to be talking on
CNBC
Dec 4, 2013 7:00pm EST
, and the result is an economy that's become profoundly unequal. >> mr. obama in professor mode had stats. america's top 10% now earn half of all u.s. income, up he said from 1/3. ceos he said used to make 20 to 30 times what workers do, now he said make 273 times more and the top 1% of americans who have net worts now 288 times what a typical u.s. family has. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic bargain, that if you work hard, you have a chance to get ahead. >> reporter: he wants at least a higher minimum wage and an extension of emergency unemployment benefits. the president said when budget talks get going obama care will not be on the table because, he said, his plan is ending one of america's worst inequities, unequal access to health care. larry. >> thanks very much, steve handelsman. we appreciate it. i'm going to say it again with all due respect to mr. president, growing income inequality is not the greatest challenge of our time. we need strong economic growth. that's the biggest challenge. i need a ri
MSNBC
Dec 6, 2013 4:00pm PST
's policies that they're killing the economy. the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are statements supposedly about the jobs report. speaker boehner said, we need to protect all americans from the fundamentally flawed health care bill. eric cantor had this to say. quote, stop obama care from reducing hours and eliminating jobs. peter roscom of illinois said we continue to see the lost coverage, cost spikes on the strain of the president's health care law. then there's this sugar plum from tom price of georgia who dug up the old refrain that millions of americans are going to see their policies canceled. it seems no matter what the news, it's li
CSPAN
Dec 5, 2013 4:00am EST
of the many bold ideas we have had over the past decade, new ideas to grow the economy from the middle out, to expand health care to all americans, and to improve our schools. still thatuder behind all of these policies is a simple idea -- expanding opportunity for all americans. we believe that no matter where you come from, we are all better off if we have the opportunity to succeed. it is at the heart of what we do every day. we have learned that expanding the middle class is the best way to grow and grow stronger. but i know that principle is critical. also because it has mattered so much in my own life. a suburb of boston, the child of two immigrants from india. inlived in a house bedford, massachusetts, a middle-class town. when i was five, my parents got divorced and my dad left. my mother was on her own and never held a job before. she faced going back to india are going on welfare to support her two children. , we would've been stigmatized. it was unheard of to get divorced back then. she knew our life opportunities to be limited. she made that tough choice. she states. we stayed.
FOX News
Dec 5, 2013 10:00pm PST
the economy. they should have tried to fix the economy. instead they focused time on a broken program by pulling in conservative concepts into a health care plan. >> that's -- >> oh. >> that's the reality. the main fundamental promises. keeping your plan, your doctor, saving $2500 per family per year, not true. you may trust him but you are one of five people in the country that believe him. >> you know me. >> i totally agree. there was over simplification. >> why are you having a hard time admitting it's not true? >> just the individual market there are ebbs and flows. that's natural. not everyone can keep their plan. >> they knew, read the november 2 edition of the wall street journal. they were debating in jewel of 2010 whether to tell the truth. they decided against it. here you are. he could have said it better. could have done this. they knew from the beginning. it was over simplification. absolutely true. >> they crafted the talking points to be that way. don't lie, emily. >> emily? >> i'm not going to agree. >> that's the truth. they knew it was going to happen. they didn't wa
FOX Business
Dec 6, 2013 1:00pm EST
? >> very much like peter said, many want more evidence the economy is indeed strong enough that they feel comfortable to pull back a bit because the last thing they want to do is pull back and have to reverse course. they stop asset purchases twice before only to come back in again. they don't want that to happen. december is a tough time to start tapering. a lot of people are on vacation, the market is very thin. the last thing they would want to do is potentially make a move leading to an exaggerated reaction in the bond market because again you have this. it will be a 2014 story. cheryladam: why not the january meeting? is that too soon? speak a lot of people have turned their forecast focus to . you don't have it press conference afterwards. you can always announce the decision to start doing press conferences after every meeting and that would put january into play. between the leadership transition, the fact they will not be doing new forecasts. we are looking for a very weak fourth-quarter gdp number. could only be half to 1%. adam: let me play devil's advocate. gdp in the last qua
CNBC
Dec 9, 2013 6:00am EST
of taper. it gives them comfort that the economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund posi
MSNBC
Dec 9, 2013 11:00am PST
economy and creating more jobs for the american people. that's where the focus is, not more government programs. >> we have a responsibility as american people, people who have played by the rules and lost their job through no fault of their own. and need these benefits in order to survive. >> nbc's capitol hill correspondent kelly o'donnell joins me. the budget is the critical issue but the debate over extending the unemployment benefits set to threaten all of this and the "washington post" reports there are capitol hill aides who say tlsz little chance of it passing before congress leaves for their break. >> reporter: there's a weariness with so many of these fiscal deadlines we've had. we're talking about unemployment benefits for the longest term unemployed, people who really have had a hard time for a long time and congress is not necessarily in the mood to make this a line in the sand issue. clearly some democrats want to see action on this to extend the benefits and some republicans do not in part, for example, one point of view from rand paul of kentucky, saying that by extendi
MSNBC
Dec 9, 2013 12:00pm PST
. this economy wants to take off and things want to grow. we want to rebuild our manufacturing base. to my mind it's not just the minimum wage, that's part of it. we can't for get those who have been left behind. we have this very dangerous thing called structural unemployment in this country. i don't think we've seen this since the great depression. it's the mcdonald's versus apples. companies require fewer people and investors are doing better and private equity firms are doing better but leaving in its wake people who aren't trained for the economy and have nowhere to go. that's the reality of where we are and the economy will proceed more in this direction as opposed to the mcdonald's side. >> that's what's scary in the jobs we have now, our largely service jobs and largely low wage majority of the groupz created out of the recession are low wage service jobs. does that responsibility to push the wage up, does that fall just to the states and federal level or do you think corporations themselves have a responsibility to their workers to provide a living wage? >> of course corporations ought
CNN
Dec 7, 2013 8:00am PST
close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remem
Al Jazeera America
Dec 9, 2013 6:00am EST
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
SFGTV2
Dec 4, 2013 4:00am PST
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
CNBC
Dec 9, 2013 1:00pm EST
with confidence. i like this, it's good for the economy, but it's not enough to say we're on the verge of a consumer breakout here. >> all right. but we're going in the right direction. >> exactly. >> watch mort again rates. something we're going to watch carefully. >> absolutely. thanks, steve. >>> the stock bond kumbaya comes amid the question what will a drop in fed stimulus mean for stocks. is the economy strong enough to support the market without fed help? jpmorgan's chief strategist tom lee weighed in on that on "squawk box." >> i think a few weeks ago investors would have been pretty concerned about the idea of taper because i don't think the data gave them economy was at a skate philosophy. friday's job report and some of the ones we've had recently investors are getting comfortable if it does happen in december. >> and mr. lee also said he is bullish on financials and large cap tech stocks. >> that brings us to seema moody. she is reporting on stocks that didn't fare so well in 2013. the big question here is, are they poised to take off in 2014 from dogs to stars? naming some
FOX Business
Dec 5, 2013 1:00pm EST
more positive news on the economy, lower on the statement that the fed will real in the stimulus. nicole petallides on the floor of the stock exchange on track for a fifth day of declines. nicole: we come off of the lurch and worth noting technology stocks, and attack have been nasdaq moved into the green moments ago for the nasdaq. up four points at 2,049. the s&p and the dow have down arrows. 15,823, and the loss is just 24 points. keeping an eye on the fear index, some strength in retailers, and what the fed will be doing. j.c. penney under pressure again, topsails coming in for j.c. penney and the lot of analysts say those 6 months are they're looking at markets, whether or not they believe some funding for next year. cheryl: thank you. huawei adam: the world's largest carrier may be carrying the iphone according to the wall street journal's china mobile, will likely author the phone later this month so what does this mean for companies? with more details and to break it down. >> to give some perspective, seven hundred million subscribers, the number of users of verizon in th
MSNBC
Dec 9, 2013 9:00am PST
in our economy. >> joining me today, "washington post" columnist jonathan capehart, former white house press secretary and founding partner off-almost said founding father -- founding father and partner of inside agency robert gibbs, congressional reporter for buzz feed and political reporter and white house correspondent at the "huffington post" sam stein. we talked a lot about the pizza versus the pizza box. after the gop autopsy, the republican conviction they didn't actually need to change the product they were selling, they just needed to change the marketing. it's unbelievable me, the whole 47% thing clearly has not made a dent. nowhere do you see that in a more pronounced fashion than republican talking points on unemployment. >> largely, if you ask most members of the gop, 47% to them wasn't a gaffe, it's a belief. i heard it in debates i had with people all of last year before the tape was uncovered. i do think, look, this is one of those things that the republicans will either learn this the easy way or the hard way. i remember watching these debates about unemployment insura
CNN
Dec 7, 2013 3:00am PST
. >> good economy. >> a better economy. a lot of people say they don't feel it. a better than expected jobs report pushed the dow nearly 200 points higher on friday. >> you know why 203,000 jobs were added to payrolls in november. way better than expected. the jobless rate, that ticked significantly lower to 7%. that is the lowest it's been in five years. we have more on how it's affecting wall street. good morning, zain. >> well, poppy and victor, it was a big week for the economy. car sales rose, new home sales soared and friday, unemployment rate druopped to 7%. that's the lowest since 2008. earlier this year, unemployment declined a lot of people got discouraged and weren't counted. the economy has added more than 2 million jobs this year, the best since 2005 and the gains not just in low-rate sectors. a lot in education and health care, professional services like accountants and travel agents. and hiring in manufacturing is strongest since last year. wages are up and americans are working less hours. the list goes on. the report pushed the dow up 200 points friday. the federal reserve
CNN
Dec 6, 2013 2:00pm PST
in jobs. does president obama deserve credit for improving the u.s. economy after a surprisingly strong employment report? i'm wolf blitzer. you're in "the situation room." >>> a ten-day mourning period is under way for one of the most influential leaders of our time. we're learning more about the final tributes to nelson mandela. stand by for that, and for my special conversation with the former president, bill clinton. he reveals a time when he and the south african president didn't see eye-to-eye but first, the breaking news we're following. >>> a brutal winter storm turns deadly. at least four people have been killed on icy roads in the southern u.s. we're seeing a dangerous mix of snow, sleet, freezing rain and bone-chilling cold, and it's creating hazardous conditions from texas to tennessee and beyond. now a one-two punch of weather misery is on the way, affecting both coasts from now through monday. we have team coverage beginning with our meteorologist jennifer gray at the cnn weather center. jennifer, what's going on? >> well, we are getting that one-two punch. we have this on
CW
Dec 1, 2013 10:00pm PST
travel would be down 4% to 3 million travelers. the economy may be improving but not fast enough for some. aaa travel is projecting a 3.7 decrease in holiday travel this year. >>> it's click versus brick this holiday season. the predictions about cybermonday. >>> state lawmakers is getting a pay raise, but not everybody is taking it. >> letting the mountain lions live. ,,,,,,,,,,,,,, friday... and "small busine" saturday... hard to believe there's any point to "cyber mo . >>> we've survived gray thursday, black friday, small business saturday, tomorrow is the day you are expected to log on and shop more. retailers are trying to entice us, they have been doing that for weeks analyst predict $2 billion in online sales thanks to apps that help us find the bargains. >>> the web site for obamacare has been undergoing repairs. engineers have fixed 400 bugs. the health care web site can handle up to 800,000 users a day. the response time has dropped from eight seconds to one second. >> we have a much more stable system that's reliably open for business. at the end of the day we need high system
Bloomberg
Dec 6, 2013 5:00pm EST
constitutionalism, and the rule of law, open market economies, diversity, and non-racialism. >> i am extremely sad. it is tragic news. just remind it what an extraordinary and inspiring man nelson mandela was. my thoughts are with him and his family. >> i want to introduce you now to an ambassador who has dealt with nelson mandela in the past, the first woman u.s. ambassador to south africa, and the senior director for african affairs at the national security council, currently a distinct professor at carnegie mellon university and also the director of the carnegie center for international policy and innovation. ambassador, thank you so much for joining us. tell us about meeting nelson mandela in person and what it was like. >> i first met nelson mandela in 2001 at the white house in the oval office when he came to meet with president george walker bush. i was, of course, like everybody else in the white house, all inspired.-- awe- he was frail at the time, but he was a very straight up guy, very tall, a magnificent presence. and even though president bush, for instance, help him walk out to the r
MSNBC
Dec 9, 2013 3:00am PST
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
CNBC
Dec 2, 2013 9:00am EST
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
CNN
Dec 4, 2013 6:00am PST
sales promotions. christine romans is here with the good news. >> automakers saw the economy is getting better and they think it will keep getting better next year and that is great for auto sales. when you look at car sales, it really gives you a clue into the minds of the consumer. you don't just spend $38,000 on something casually. you need access to credit, confidence about your job, a ro reason to do it. very good numbers for november. 14% year over year increase for gm, that's great. ford, up 7%. chrysler, up 16%. and it wasn't just the incentives. there were good incentives. about $2500 on average was the incentive to get out there and buy a car. big advertising for black friday. a lot of people went to the showrooms, that helped. but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight.
CSPAN
Dec 2, 2013 8:00am EST
to moderate income americans face today in trying to earn a livelihood in today's economy. of we work with a variety of local initiatives and institutions that are developing new strategies, that are sport supporting the economically vulnerable and trying to promote their economic success. and as part of this work, we've been hosting a series of conversations that bring together diverse perspectives from policy, academia, business, education and other spheres to discuss the challenge that low income americans face today and and to think about new ideas that can address these challenges and help move us forward. today's conversation focuses on the potential of microenterprise to address the jobs that fit in today's economy and draws on research and policy analysis developed as part of the big ideas for jobs series that is supported by the casey foundation and the kellogg foundation. and we're particularly grateful to the casey foundation for their support of today's event, and i want to acknowledge bob and -- [inaudible] who are here with us today. and to start us off, i am delighted t
CSPAN
Dec 4, 2013 9:00pm EST
of shared investment in education, investments in infrastructure, and trying to figure out an economy that works for all i think is important. take tomorrow, fast food workers. 100 places where fast food workers are going to be staging strikes. and who are the fast food workers now? is no longer 18-, 19-, 20- year-old kid trying to get into college, or in college and doing this is a job. when you go to mcdonald's, when you go to walmart, you are seeing people in their 60s and 70s. this is wrong. and so i think there is a sense -- we will see. so, but, in terms of my belly wake, public education, on december 9 there will be over 60 events, 60 cities, counties, towns, and more coming every day, of parents, community groups, clergy, are union how toions talking about do bottom up reform, solution reform, community-based reform that actually helps kids be more successful than schools. so we are seeing this community work and this bottom-up organizing in public education, as well as in economic issues. job issues. >> mr. sellwood. >> you mentioned that we should not have a race to the bott
MSNBC
Dec 7, 2013 11:00am PST
. try campbell's homestyle soup. >>> the latest jobs report shows good signs for the economy. the unemployment rate dropped to 7% in november while 203,000 jobs were created. down from october's unemployment rate of 7.3%. these numbers come as many job seekers are preparing to take the traditional pause in their hubt for work in time for the holidays. but that may be a bad idea. john challenger is the ceo of challenger, gray and christmas. zachary karabell is a cnbc contributor. he's a writer as well. he's written a book as well. john, let me start with you. many folks put off their job search during the holidays thinking that companies don't hire during this time period. why is that not the right thing to do? >> first of all, the data doesn't support it. last november, over 4.66 million people found jobs in november, just slightly down in december. so it is a time when employers especially in this kind of 24/7/365 business environment we're in, they're always hiring. they always have issues. so the last thing you want to do is put your search on hold. the very fact that a lo
CNN
Dec 2, 2013 6:00am PST
what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did stories following teenagers around the mall and that's social. you can
CNN
Dec 7, 2013 2:00pm PST
know the economy is essential, and it's good he was meeting with secretary geithner, but here on his signature issue not to take charge. and i have no doubt the white house is right, that secretary sebelius was in several group meetings with the president about health care, but the whole point is, there was nobody in charge in the administration. the president was turning to and saying i look to you for overall responsibility, and in this case it should have been the secretary of health and human services. she does run the department that oversees this. and the fact that he was not meeting with her one-on-one, i think, frankly, is not so much an indictment of her but of the white house operation. >> which is fascinating because we saw her testify very publicly, she took full responsibility for what had happened, but at the same time if this was so important to the president, you would think that there was a lot more one-on-one interaction especially on something that's so critical to him and his policy. professor, the president went on msnbc this week, he was asked about his manageme
MSNBC
Dec 5, 2013 3:00am PST
coming over here and competing in the gobble economy. education is at the core of this and goes to connecting that bond that has been broken. >> you have all this evidence that's truly offensive. take the detroit pension ruling. so we know what the ruling was and we know what the effect may be on people's pensions. they will be cut. city employees, firefighters, no matter how the pension deal was cut years ago the pensions will be cut. but before the pensioners receive their pension who gets paid first? the bond holders, the banks, the big boys and then, then the pensioners will get paid. there's something just deeply flawed with what's been going on in this country and it's not one party or the other, it's the whole system and it's a couple of decades that it's been going on. >> there's a suspicion the people who have been having these massive hikes in their compensation packages are not reinvesting necessarily in job growth and productivity. they are actually -- it feels to a lot of americans on main street like funny money, it's getting recycled, reput into investment funds t
MSNBC
Dec 8, 2013 9:00am PST
for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually avoid a government shutdown. so i'm hopeful that even by the end of this week we'll be able to come together and achieve that. >> i certainly hope as part of it that the negotiators will take to heart what the president had to say. there are working families across america that are struggling. there are unemployed families who need a helping hand. we've got to protect and preserve the safety net in america and give these working families a fighting chance. >> so alex, of course there you have republican rob portman, democrat dick durbin. and you heard senator durbin talking about unemployment insurance. that is still the main sticking point. democrats, the president want unemployment insurance extended for 1.3 million americans. that's expected to expire at the end of the year. they say if that's not continued, it would be bad for those workers and also bad for the economy. republicans
Bloomberg
Dec 4, 2013 9:00pm EST
of the real economy and not just the few. but it's not over yet. -- >> it's not over yet. other banks are actually holding out for something better. i cap actually withdrew from the libor settlement. it's not just libor. there are plenty of investigations of benchmark rate, foreign exchange, gold, oil -- take your pick. if it's a market, they might be playing with it. and speaking of oil, that brings us to cartel number two. this one is not illegal. more like an internationally accepted one. of course, we are talking about opec. 12 members and at least eight of them showed up at a meeting this week in vienna. they meet twice a year to decide how much crude to pump out. today, the ministers decided to keep the crude output target unchanged. the maya -- kumbyh? not exactly. >> you have all these countries like iraq, libya, and iran saying we will export all this oil out into the world. he is like, that is not going to happen. there are so many issues preventing that supply coming across. there will be a day of reckoning for saudi arabia windows barrels, line. it is not there yet. >> ira
CNN
Dec 3, 2013 6:00am PST
suppose? >> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are tough that we're not going to fight for it, we're going to fight for it any
PBS
Dec 1, 2013 8:00pm PST
political economy jeffrey summers as the news trade relations with ukraine for the country if we take a look an eastward expansion itu we can see that it has in the past. produce de industrialization in the east only migration from the east to west. and so we've also seen west european. and i think that the eu is a yet to experience the course of the past for five years the economic crisis in and sees further eastward expansion as a waitress all their own problems last year some eu politicians to blame russia for stalling the deal had been cheering on protesters it right in the ukrainian capital thereafter early to professor marks the boat from moscow state university. but the officials are doing is a violation of international law. the fact that they are essentially on the ground and yes cheerleading the protesters are calling for a revolution in the country. this is tantamount to the regime change that has been called for in german newspapers earlier today. this is the most egregious violation of the united nations charter and international law violation of sovereignty and the non interfer
CSPAN
Dec 7, 2013 2:00am EST
the economy is not performing the way we would like. with wages, real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of other things, healthcare has gone up substantially, real wages have essentially be frozen. you are all familiar with the budget problems we face. there is a growing disparity between the haves and have notes in our society and that should concern all of us over time. and all of these things are in some ways interrelated to the question of economic growth. so if i just had to pick one thing, i would agree with what jon had to say. what is our comparative advantage? how do we grow this economy in a very competitive world? and in particular, how do we empower, not just give but empower sit citizens through hard work and thrift to enjoy. so fruits of that growth. particularly the third that aren't getting the educations. the kids that aren't getting the quality quality of education they need to be economically relevant in an innovative competitive global economy. i also suspect you are proba
CNN
Dec 7, 2013 12:00pm PST
on cnn. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> memorials are growing and people in south africa are celebrating the life of nelson mandela, the civil rights icon died thursday at the age of 95. cnn's robin kurnow is live outside his home in johannesburg where it really is a place of holding vigil, at the same time celebrating his life. >> reporter: absolutely. it's like a pilgrimage here. south africans doing what they always do, they sing in times of happiness and in times of hardship. and this noise, this celebration, this la meant you hear behind me has been going on literally since thursday night. people singing over and over again, nelson mandela, nelson mandela, there's no one like you. now, many of these south africans behind me felt like they had a personal closeness with nelson mandela. they owe so much to him. and he had that way with people. his family saying today that he had time for everyone, kings and queens, rich or poor, great or small. and, in fact, one of those people was bill clinto
CNN
Dec 7, 2013 3:00pm PST
economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >>> nelson mandela's compassion, hum humanity, humility touches millions all over the world. peter turnley was there the day mandela was released from prison more than 20 years ago. he described the moments that followed in his own words. >> nelson mandela's example, his courage, his determination, his dignity, his forward thinking of conciliation, of forgiveness and of love for all is something that has touched so many people and it has been something that has brought people towards him and brought people together. on the morning of february 11th, 1990 i was with a group of photographers. we had gotten to the prison very early that morning. at one point in the early afternoon, i will never forget suddenly about five helicopters began to descend right over the back of this
CNN
Dec 7, 2013 4:00pm PST
perception of the economy may not have quite caught up. only a quarter of people polled said they believe the economy is getting better. deb? >> alexandra, thanks so much. >> in south africa, ten days of mourning under way for the man many called madiba. also, the nsa, what might they have been peeking into any time? here's a hint it, could have just been in your pocket. that's coming up. we're aig. and we're here. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives
Al Jazeera America
Dec 3, 2013 11:00pm EST
that will not be able to pay rent. this is serious for the local economy. it will be a disaster in years to come as we see this thing go. that's the reason we are continuing to stand with detroit, and we'll stand up and fight back. we'll file the appeal and file it all the way to the supreme court. >> you think bankruptcy is a make. what is the alternative. >> we don't just think it's a mistake. we think it is illegal. first and foremost we have to understand that emergency management itself - we have two lawsuits filed, national action network, filed a law sued a few months ago. we repealed public at four, the emergency manager legislation. the governor came back with the same legislation, attached it to some money so it couldn't be repealed again, made it repeal proof. we feel the city of detroit never went into bankruptcy. you have to think about it like this: this mayor did not lead us into the bankruptcy. the city council never voted for bankruptcy. we feel it is illegal. on the other end of this the state and the city put $400 million together to build a new hockey arena here in the city of detr
NBC
Dec 7, 2013 5:00am PST
, thanks. >>> we want to turn to encour e encouraging news when it comes to the economy. the unemployment rate has turned to its lowest rate in five years. kristen welker has more. >> reporter: the economy added 203,000 jobs in november. surprising some economists say, especially in the wake of the government shutdown and they say it could be an indication the recovery is about to take off, despite the political gridlock here in the nation's capital. neil bloomen that is all launched up this eye store three years ago in new york. these days he sees signs the economy is recovering. >> we have more than doubled in sales and next year, we are planning to high about 150 people. >> reporter: that hiring trend reflects what is happening throughout the country with news friday that employers added more than 200,000 jobs for each of the last four months. in november, many were good paying jobs. 40,000 in education and health care. 27,000 manufacturing jobs added. 17,000 construction jobs. >> now we are getting consistent job reports plus 200 and that is positive and positive not only for the econ
FOX News
Dec 6, 2013 6:00am PST
low in fact but a tick upwards. so what you got here is a sign of some strength in the economy, some renewed hope that maybe we're breaking beyond the new normal. i can tell you now, martha. the reaction the stock market is exuberant. you will see the dow go up about 100 points plus minutes from now. martha: it's interesting, stuart. you know the next conversation will be, well, you know, are things heating up to the point where we need to kind of pull back the reins on the money we've been pushing into this market and that might send the stock market in another direction. >> maybe, but today with signs of strength in the labor market and economy, yes we'll have a nice rally for the stock market. maybe we'll postponing the idea maybe the federal reserve will print less money. maybe then the stock market will go down. celebrate while you can, martha, because we're up about 130 points right now. lori: take a moment to enjoy that. stuart, thank you very much. >> sure. bill: extreme weather now. look out for this. there is arctic air blasting center of the u.s. bringing subzero temperatu
CSPAN
Dec 2, 2013 2:00pm EST
'm visiting you here in washington, but the folks in washington seem to put the brakes on the economy every six months or so, right? or even more often than that. so, you know, they're not helping. and with respect to real growth in the economy. i think that americans will put more money into education when the economy is doing better or when they confront the fact that defunding education is actually hurting them and their state. and so i think there's kind of a bigger picture and bigger pressures out there that are going to play on this. and then, of course, you also have legal requirements within -- and constitutional requirements within states. we're certainly one of those states that under our constitution we guarantee an education to every child. there have been tests, we have a very famous test in connecticut, shep v. o'neill, to kneel being former governor that -- to o'neill being former governor that allowed for a super education district overseeing about 41% of the kids in the greater hartford school district and surrounding districts, putting them in different schools than they w
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